The board of directors of Feishang Anthracite Resources Limited announced that Mr. LI Feilie has resigned as an executive Director, the chairman, a member of the nomination committee and a member of the remuneration committee of the company with effect from 26 July 2016 due to Mr. Li's desire to devote more time to his personal endeavours. The Board further announced that Mr. HAN Weibing, the current Chief Executive Officer of the company, has been appointed as the Chairman with effect from 26 July 2016.